This weekly looks so bad for the bulls weekly is trading under the weekly S/R level and also closed under the last defense level (red line). I think Neo will go down 48% from where we are now.
I would be interested in taking a long once we test that level i pointed out altho i will not long it blindly. i would like to see Daily bullish price structure for me to...
After going through the chart at depth, I strongly believe the 5 waves have already materialised and further correction is due.
I found textbook fib retracements for all my waves. 4h MACD shows a bearish crossover.
However the future track of NEO will largely depend on how BTC performs.
We shall get confirmation that we are in a Sub Wave 3 if the right shoulder...
